Social Care Home

The Project:

Owner required support to stabilise the business following the addition of a second home which caused operational and financial issues

Outputs:

• Bank support and 6 month OD extension

• Regional Development Fund support

• Cash headroom created whilst operational actions recovered occupancy

• Profitability recovered leading to;

  • Repayment of OD extension within 6 months

  • Return to mainstream Banking within 12 months &

  • Core OD removal within 18 months